SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 32.380 level.
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Silver
SPY/QQQ Plan Your Trade Update For 10-29 : Ripper Apex BreakoutThis short video highlights the Apex Volatility breakout in the SPY today and shows the ripper rally in Gold & Bitcoin.
If you've been following my research, you already know I called these moves many days ago.
If you are new to my videos, this is an excellent way for you to see what I do, learn from my videos, and attempt to see now my research fits into your trading style.
My single goal is to make you a better trader - and I hope I'm doing that with all the content I provide.
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Rebound Silver up. H4. 29.10.2024Rebound Silver up 📈
In silver, the price corrected rather weakly and went further up to rebound to the strategic resistance at 35.50. After that I expect a downward correction, but not a major reversal. Judging by the options, the strategic expectations are around 37.50 and that is where a major reversal down may come. Now 35.50 looks like an intermediate correction.
CAPITALCOM:SILVER
SILVER (XAGUSD): Bullish Continuation After News
Today's news are certainly bullish for Gold and Silver.
XAGUSD formed a confirmed Change of Character CHoCH
on a 4h time frame, signifying a completion of a local correction.
The price will text a current high now.
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SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 33,92164$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 10-29 : Gap Defender PatternToday's SPY Cycle Pattern is a Gap Defender in Counter Trend mode.
Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted.
With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets.
Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement.
Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets.
Price volatility should be EXTREME between Nov 1 and Nov 6.
Play the next 2 weeks very smart. Otherwise, your lumps could be painful.
Get some.
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SILVER Will Go Lower! Short!
Please, check our technical outlook for SILVER.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 34.071.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33.443 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
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All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
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Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 34.23 which is a swing-high resistance.
Stop loss is at 34.72 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance.
Take profit is at 33.16 which is a swing-low support.
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Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ):
Click chart above to see the detailed analysis👆🏻
Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.
Levels to watch: $34, $45
Keep your long term vision,
Philip (BasicTrading)
SILVER: Market Is Looking Up! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 33.68170$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode.
I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day.
The reason I believe this to be the case is because of two factors.
A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom).
B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend.
Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation.
Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern.
Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital.
This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections.
That is a smart move if you can pull it off.
Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY.
Here we go...
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Preparing For Pre Election Volatility - Stay Protected From RiskI wanted to highlight what I believe is the most likely 5 to 10+ day price activity and why I believe traders should immediately begin to prepare for extreme price volatility.
I believe the SPY/QQQ will move into a very moderate rally phase over the next 2 to 4 days, then peak near Oct 30-31 and shift into a very aggressive downward price trend.
That downward trend could evaporate 5.5 to 8.5%++ (possibly even resulting in a 10-14% downward price move in some of the most volatile tech sector stocks/ETFs).
Traders really need to understand the risks of holding positions through the election vs. the opportunities of CASHING out of 80-85% of your holdings and attempting to buy back into those same symbols at a 5.5 to 8.5% discount on November 6-8.
Think about it.
Why take the 6 to 10%+ risk when you don't have to.
Again, I'm trying to help you plan and prepare for what I believe is likely to happen. I could be wrong - we'll see.
But, even if I'm wrong about some of my expected ranges, you would still be able to buy back into these shares at a reasonable price no matter what happens.
Remember, a quick 6 to 10% pullback can provide a very good opportunity for skilled traders.
Get some.
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XAGUSD (Silver) still BullishMonthly Chart
The monthly candle is still bullish.
Weekly Chart
Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level.
Daily Chart
We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 45m timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 33.031 area.
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SILVER (XAGUSD): Important Demand Zone Ahead
Silver is retracing after a sharp bullish movement.
Ahead, I see a significant demand zone.
The underlined yellow area is based on a rising trend line
and a recently broken weekly/daily horizontal resistance cluster.
With a high probability, we will see an up movement from that area.
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